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AmeriSave Mortgage Corporation Refinance

in Mortgage Refinance from Amerisave Mortgage Corporation · NMLS ID #1168

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AmeriSave Mortgage Corporation Refinance

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in Mortgage Refinance from Amerisave Mortgage Corporation · NMLS ID #1168

SuperMoney Net Recommendation Score +89%

SUPERMONEY NET RECOMMENDATION SCORE

+89%

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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly recommended

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1 user doesn't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Loan Amount $60,000 - $2,000,000
Loan Term (Years) 3 - 30 years
Number of Reviews 19

AmeriSave Mortgage Corporation Refinance Review

AmeriSave Mortgage Corporation Refinance is offered by Amerisave Mortgage Corporation (NMLS #1168), a direct lender founded in 2002 and based in Atlanta, GA. AmeriSave Mortgage Corporation Refinance is available in 49 states (and Washington, DC).

Key Takeaways
  • 6 different mortgage programs offered. AmeriSave Mortgage Corporation Refinance refinances FHA, USDA, VA, jumbo, conforming, and conventional mortgages.
  • Financing for single-family and multi-family properties. However, Amerisave Mortgage Corporation does not offer financing for manufactured homes.
  • Non-standard interest rates available. AmeriSave Mortgage Corporation Refinance offers option ARM mortgages, adjustable-rate mortgages, hybrid mortgages, and fixed-rate mortgages.
  • Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • No origination fee. AmeriSave Mortgage Corporation Refinance does not charge a fee for processing your loan application.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for AmeriSave Mortgage Corporation Refinance.
  • Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 550 are considered.
  • High maximum DTI ratio. AmeriSave Mortgage Corporation Refinance has a maximum debt-to-income ratio of 45%. This ratio includes all your monthly debts, not just your proposed mortgage payment. Typically, lenders have a maximum DTI of 43% or lower.
AmeriSave Mortgage Corporation Refinance Pros & Cons
Pros Cons
  • Very competitive rates and fees
  • In 3 minutes, can get customized rates & all programs prequalified without giving SSN or hard credit pull
  • Real-time prequalification
  • Prequalification without hard credit pull
  • $0 prepayment fee.
  • $0 origination fee.
  • Considers applicants with fair credit.
  • Available in 49 states.
  • Does not finance mobile homes
AmeriSave Mortgage Corporation Refinance FAQ

What range of mortgage balances will AmeriSave Mortgage Corporation Refinance refinance?

Mortgage refinancing loans start at $60,000 and go up to $2,000,000

What is the maximum loan term for a mortgage refinance via AmeriSave Mortgage Corporation Refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. AmeriSave Mortgage Corporation Refinance offers mortgages refinancing with terms ranging from 3 to 30 years.

Does AmeriSave Mortgage Corporation Refinance charge a mortgage origination fee?

No, AmeriSave Mortgage Corporation Refinance does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does AmeriSave Mortgage Corporation Refinance charge prepayment fees?

No, AmeriSave Mortgage Corporation Refinance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What mortgage programs does AmeriSave Mortgage Corporation Refinance offer?

AmeriSave Mortgage Corporation Refinance offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
  • Conforming: Mortgages that meet the loan requirements of Fannie Mae and Freddie Mac. These have fixed rate terms of 10 to 30 years and adjustable rate terms ranging from 3 to 10 years. Down payments as low as 5%.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does AmeriSave Mortgage Corporation Refinance allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. AmeriSave Mortgage Corporation Refinance allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday Closed

Other Services by Amerisave Mortgage Corporation

Availability

  Available in 49 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee  
No Prepayment Fee  
Credit Score Range 550 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Property Type
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Loan Term 3 - 30 years
Loan Amount $60,000 - $2,000,000
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
  • Hybrid Mortgage
  • Option ARM
Mortgage Programs
  • FHA
  • USDA
  • VA
  • Conventional Mortgages
  • Jumbo
  • Conforming
Terms 3/1, 5/1, 7/1, 10, 15, 20, 25, 30 years

AmeriSave Mortgage Corporation Refinance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+89%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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